Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents		$ 130,953	$ 153,425
Restricted cash		7,043	1,830
Accounts receivable, net of allowances of $461 and $420		28,703	25,775
Due from unconsolidated companies		15,445	12,165
Prepaid expenses and other		14,600	12,262
Inventories		23,977	23,931
Total current assets		220,721	229,388
Property, plant and equipment, net of accumulated depreciation of $386,924 and $368,939		1,089,083	1,074,676
Investments in unconsolidated companies		75,948	79,327
Goodwill		114,891	113,343
Other intangible assets		14,276	13,877
Other assets		12,950	13,457
Total assets	[1]	1,527,869	1,524,068
Liabilities and Equity
Accounts payable		13,201	16,366
Accrued liabilities		70,862	69,046
Deferred revenue		46,894	31,350
Current portion of long-term debt and obligations under capital leases		5,307	5,284
Total current liabilities		136,264	122,046
Long-term debt and obligations under capital leases		587,101	585,768
Liability for pension benefit		1,005	1,447
Other liabilities		4,816	5,366
Deferred income taxes		114,049	122,291
Liability for uncertain tax positions		340	318
Total liabilities		843,575	837,236
Commitments and contingencies (Note 17)
Shareholders’ equity:
Preferred shares $0.01 par value (30,000,000 shares authorized, issued Nil)		0	0
Additional paid-in capital		980,993	979,458
Retained earnings		40,202	58,313
Accumulated other comprehensive loss		(338,401)	(352,339)
Less: Reduction due to class B common shares owned by a subsidiary — 18,044,478 (2016 — 18,044,478)		(181)	(181)
Total shareholders’ equity		683,815	686,450
Non-controlling interests		479	382
Total equity		684,294	686,832
Total liabilities and equity		1,527,869	1,524,068
Class A common shares $0.01 par value (240,000,000 shares authorized):
Shareholders’ equity:
Common shares		1,021	1,018
Class B common shares $0.01 par value (120,000,000 shares authorized):
Shareholders’ equity:
Common shares		$ 181	$ 181

[1] Included in Belmond Ltd.’s consolidated assets and liabilities are assets of consolidated variable interest entities (“consolidated VIEs”) that can only be used to settle obligations of the consolidated VIEs and liabilities of consolidated VIEs whose creditors have no recourse to Belmond Ltd. The Company’s only consolidated VIE at March 31, 2017 and December 31, 2016 is Charleston Center LLC. These assets and liabilities at March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, 2016 $’000 $’000 Assets Cash and cash equivalents 719 2,233Accounts receivable, net of allowances of $Nil and $Nil 3,314 3,066Prepaid expenses and other 1,052 365Inventories 1,292 1,296Total current assets 6,377 6,960 Property, plant and equipment, net of accumulated depreciation of $37,535 and $35,902 200,864 201,861Other assets 1,393 1,455Total assets 208,634 210,276 Liabilities Accounts payable 1,880 4,558Accrued liabilities 3,254 3,099Deferred revenue 3,283 1,714Current portion of long-term debt and obligations under capital leases 245 242Total current liabilities 8,662 9,613 Long-term debt and obligations under capital leases 111,935 111,968Other liabilities — 40Total liabilities 120,597 121,621See further description in note 4, Variable interest entities.